Fillable Form 8933 - Carbon Dioxide Sequestration Credit

Form 8933 (2013)

Page

Tertiary Injectant

Line 1

This is an injectant (other than a hydrocarbon injectant that is recoverable) that is

Enter the metric tons of qualified carbon dioxide captured at a qualified facility,

used as part of a tertiary recovery method. For more details, see section 193(b).

disposed of in secure geological storage, and not used as a tertiary injectant in a

qualified enhanced oil or natural gas recovery project. Then, multiply the metric

Qualified Enhanced Oil or Natural Gas Recovery Project

tons entered by $21.25.

A qualified enhanced oil or natural gas recovery project means any project located

Line 2

in the United States involving the application of one or more tertiary recovery

methods defined in section 193(b)(3) that can reasonably be expected to result in

Enter the metric tons of qualified carbon dioxide captured at a qualified facility,

more than an insignificant increase in the amount of crude oil or natural gas that

used as a tertiary injectant in a qualified enhanced oil or natural gas recovery

will ultimately be recovered and with respect to which the first injection of liquids,

project, and disposed of in secure geological storage. Then, multiply the metric

gases, or other matter commences after 1990. The project will not be treated as a

tons entered by $10.63.

qualified enhanced crude oil or natural gas recovery project unless the operator

submits to the IRS a certification from a petroleum engineer that the project meets

Paperwork Reduction Act Notice. We ask for the information on this form to

(and continues to meet) these requirements.

carry out the Internal Revenue laws of the United States. You are required to give

United States and U.S. Possessions

us the information. We need it to ensure that you are complying with these laws

and to allow us to figure and collect the right amount of tax.

This includes the seabed and subsoil of those submarine areas that are adjacent

You are not required to provide the information requested on a form that is

to the territorial waters of the United States (or a U.S. possession) and over which

subject to the Paperwork Reduction Act unless the form displays a valid OMB

the United States has exclusive rights according to international law with respect

control number. Books or records relating to a form or its instructions must be

to the exploration and exploitation of natural resources.

retained as long as their contents may become material in the administration of

Who Can Take the Credit

any Internal Revenue law. Generally, tax returns and return information are

confidential, as required by section 6103.

Generally, the credit is allowed to the person that captures and physically or

contractually ensures the disposal of or the use as a tertiary injectant of the

The time needed to complete and file this form will vary depending on individual

qualified carbon dioxide.

circumstances. The estimated burden for individual taxpayers filing this form is

approved under OMB control number 1545-0074 and is included in the estimates

See Notice 2009-83 for the annual report that is required if the credit is claimed.

shown in the instructions for their individual income tax return. The estimated

burden for all other taxpayers who file this form is shown below.

Specific Instructions

Recordkeeping .

. 1 hr., 54 min.

In order to claim the credit, the amount of carbon dioxide must be measured at the

Learning about the law or the form

. 6 min.

source of capture and verified either at the point of disposal in secure geological

Preparing and sending the form

storage or at the point of injection as a tertiary injectant in an enhanced oil or

to the IRS

. 7 min.

natural gas recovery project. The amount of qualified carbon dioxide is presumed

to be the lesser of the amount measured at capture and the amount verified at

If you have comments concerning the accuracy of these time estimates or

disposal or injection, unless it can be established to the satisfaction of the IRS that

suggestions for making this form simpler, we would be happy to hear from you.

the greater amount is the correct amount.

See the instructions for the tax return with which this form is filed.

Form 8933 - Carbon Dioxide Sequestration Credit - 2013 Page 2

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